Tranche A Makewhole Amount definition
Tranche A Makewhole Amount means, as of any date of prepayment of the Tranche A Loan occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the 2nd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid.
Tranche A Makewhole Amount means, as of any date of determination occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, an amount equal to the sum of all interest that would have accrued and been payable from such date through the 2nd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid.
Tranche A Makewhole Amount means, as of the date of any prepayment of the Tranche A Loan occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, pursuant to Section 2.2(c) or as a result of the acceleration of the maturity of the Term Loans pursuant to Section 8.1(a), an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the 2nd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid. For purposes of calculating the Tranche A Makewhole Amount: (a) the date of determination shall be such date of prepayment, using the interest rate as in effect on such date, provided, that, for purposes of any such prepayment pursuant to Section 2.2(c)(ii), the date of determination shall be the date on which the Change in Control is consummated; and (b) the Default Rate shall not apply to any interest that would have accrued and been payable from and after such date of determination.
More Definitions of Tranche A Makewhole Amount
Tranche A Makewhole Amount means, as of any date of prepayment of the Tranche A Loan occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the 2nd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid; provided, however, that if the Tranche D Approval Condition is satisfied prior to the 2nd-year anniversary of the Tranche A Closing Date, “Tranche A Makewhole Amount” means, as of any date of prepayment of the Tranche A Loan occurring prior to the 3rd-year anniversary of the Tranche A Closing Date, an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the 3rd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid; provided, further, that if the Tranche D Approval Condition is satisfied on or after the 2nd-year anniversary of the Tranche A Closing Date, “Tranche A Makewhole Amount” means, as of any date of prepayment of the Tranche A Loan occurring prior to the one-year anniversary of the date on which the Tranche D Approval Condition is satisfied, an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the one-year anniversary of the date on which the Tranche D Approval Condition is satisfied on the amount of principal prepaid. For purposes of calculating the Tranche A Makewhole Amount: (a) the date of determination shall be such date of prepayment, using the interest rate as in effect on such date and (b) the Default Rate shall not apply to any interest that would have accrued and been payable from and after such date of determination.
Tranche A Makewhole Amount means, as of any date of determination occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, an amount equal to the sum of all interest that would have accrued and been payable from such date through the 2nd-year anniversary of the Tranche A Closing Date. “Tranche A Note” means a promissory note in substantially the form attached hereto as Exhibit B-1, as it may be amended, restated, supplemented or otherwise modified from time to time. “Tranche A Prepayment Premium” means, with respect to any prepayment of the Tranche A Loan by Borrower pursuant to Section 2.2(c) or as a result of the acceleration of the maturity of the Term Loans pursuant to Section 8.1(a), an amount equal to the product of the amount of any principal so prepaid, multiplied by: (a) if such prepayment occurs prior to the 3rd-year anniversary of the Tranche A Closing Date, 0.03; (b) if such prepayment occurs on or after the 3rd-year anniversary of the Tranche A Closing Date but prior to the 4th-year anniversary of the Tranche A Closing Date, 0.02; and (c) if such prepayment occurs on or after the 4th-year anniversary of the Tranche A Closing Date Tranche A Closing Date but prior to the Term Loan Maturity Date, 0.01. For the avoidance of doubt, no Tranche A Prepayment Premium shall be due and owing for any payment of principal of the Tranche A Loan made on the Term Loan Maturity Date. “Tranche B Closing Date” means the date on which the Tranche B Loan is advanced by Lenders, which, at Borrower’s option and as indicated in the Advance Request Form for the Tranche B Loan and subject to the satisfaction
Tranche A Makewhole Amount means, as of the date of any prepayment of the Tranche A Loan occurring prior to May 1, 2027, pursuant to Section 2.2(c) or as a result of the acceleration of the maturity of the Term Loans pursuant to Section 8.1(a), an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through May 1, 2027 on the amount of principal prepaid. For purposes of calculating the Tranche A Makewhole Amount: (a) the date of determination shall be such date of prepayment, using the interest rate as in effect on such date, provided, that, for purposes of any such prepayment pursuant to Section 2.2(c)(ii), the date of determination shall be the date on which the Change in Control is consummated; and (b) the Default Rate shall not apply to any interest that would have accrued and been payable from and after such date of determination.”
Tranche A Makewhole Amount means, as of any date of prepayment of the Tranche A Loan (or applicable portion thereof) occurring prior to the 2nd-year anniversary of the Tranche A Closing Date, an amount equal to (i) the sum of all interest (including any uncapitalized PIK Interest) that would have accrued and been payable from such date of prepayment through the 2nd-year anniversary of the Tranche A Closing Date on the amount of principal prepaid plus (ii) an amount equal to the product of (x) the amount of any principal so prepaid, multiplied by (y) 0.03. For purposes of calculating the Tranche A Makewhole Amount: (a) the date of determination shall be such date of prepayment, using the interest rate as in effect on such date, provided, that, for purposes of any such prepayment pursuant to Section 2.2(c)(ii), the date of determination shall be the date on which the Change in Control is consummated; and (b) the Default Rate shall not apply to any interest that would have accrued and been payable from and after such date of determination.
Tranche A Makewhole Amount means, as of any date of prepayment of the Tranche A Loan occurring prior to the one-year anniversary of the date on which the Tranche D Approval Condition is satisfied, an amount equal to the sum of all interest that would have accrued and been payable from such date of prepayment through the one-year anniversary of the date on which the Tranche D Approval Condition is satisfied on the amount of principal prepaid. For purposes of calculating the Tranche A Makewhole Amount: (a) the date of determination shall be such date of prepayment, using the interest rate as in effect on such date and (b) the Default Rate shall not apply to any interest that would have accrued and been payable from and after such date of determination.
Tranche A Makewhole Amount in Section 13.1 of the Loan Agreement and replacing it as follows:
Tranche A Makewhole Amount means, as of the date of any prepayment of the Tranche A Term Loan occurring prior to the 3rd-year anniversary of the Effective Date (including any prepayment as a result of the acceleration of the maturity of the Tranche A Term Loans as provided in the proviso in the definition of Term Loan Maturity Date), an amount equal to the sum of all interest that would have accrued and been payable (or would have accrued and been capitalized, as the case may be) from such date of prepayment through the 3rd-year anniversary of the Effective Date on the amount of principal prepaid.